Settlement of securities trades matters. The world’s market for shares and bonds is now worth $150trn, almost double the $90trn global money supply. The keeping of accurate accounts of securities […]
Bitcoin tracker funds threaten a clash by bringing together two fundamentally incompatible financial systems, says one former investment banker. Bitcoin exchange-traded funds (ETFs) are still on the drawing board: as […]
Despite their promise of a revolutionary new fundraising technology, initial coin offerings (ICOs) suffer from major internal contradictions, says one cryptocurrency market observer. In an exclusive interview with New Money […]
The BIS says the underpinning of trust in cryptocurrencies like bitcoin is fragile. Cryptocurrency supporters argue the opposite—past glitches have helped make bitcoin stronger than ever. ‘The underpinning of trust […]
Suddenly, cryptocurrency custody is a hot topic. The developers of new custodial services argue that better safekeeping strategies will help entice institutional investors into digital assets. But why pay 1-2 […]
The Bank for International Settlements (BIS) has warned that cryptocurrencies such as bitcoin are a poor substitute for money issued by central banks. The Basel-based BIS, an international financial institution […]
Bitcoin’s volatility has fallen by 70% in five months, reflecting calmer trading since the cryptocurrency’s price peak at the end of 2017. Volatility is a widely used measure of risk […]
Far from squandering electricity, bitcoin miners perform a socially important function by converting otherwise unusable energy into a global store of value, say analysts at CoinShares, a firm specialising in […]
Some institutional investors have written off cryptocurrencies as a bubble. Others may be taking their first steps to allocate money to a new, uncorrelated asset class. Wherever they fall on […]
A reported new US Department of Justice (DoJ) probe into market manipulation at cryptocurrency exchanges has teeth, says one lawyer specialising in the regulation of new financial technologies. On May 24 […]
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